Thanks to the support of companies such as Farmak, we are preparing the ground for a strong and innovative Ukrainian economy,” said KSE President Timofey Milovanov.
, the company said in a press release. “By supporting such projects, we are contributing to the achievement of the Global Sustainable Development Goals, one of the tasks of which is to improve the quality of higher education and ensure its close connection with science,” said Volodymyr Kostyuk, Executive Director of Farmak.
which has been driven by higher poultry prices after a significant drop in 2H 2019 and 2020. Together with the expected rebound, profit in the crop sector, which was hit hard in 2020 by adverse weather conditions in Ukraine, this should lead to a reduction in the share of borrowed funds in 2021-2022,” said Fitch. The agency expects EBITDA margin to rise to 17.2% in 2021 from a historic low of 15.6% in 2020.
“The Long-term Local Currency IDR of MHP SE at ‘B +’ reflects a growing share of profits outside the country, as well as a strong business profile of MHP with a reasonable scale and vertical integration, which leads to high operating profitability”, – stated in the message by Fitch on Friday. Fitch stressed that MHP has a strong business and financial profile, in line with its peers in the ‘BB’ rating category, but the operating environment in Ukraine limits its long-term IDR.
including a GDP contraction of 4.2% in 2020, ongoing lockdown measures and currency depreciation. “We project the economy to rebound in 2021 with growth of up to 4.1%, but there are material downside risks to our forecasts, given the uncertainty around the duration of the pandemic. Accordingly, UR’s main revenue driver (the freight segment) has been negatively affected in 2020 with significant downside risk to the pace of the recovery in 2021,” Fitch has assessed.
the agency announced on April 29. The change reflects the company’s weakened liquidity position, according to the agency’s assessments. As of April, Ukrainian Railway’s liquidity coverage ratio, calculated as available undrawn lines of credit and cash/scheduled repayments, was less than 1x. “The company’s immediate liquidity position is insufficient to offset expected repayments of a local bank loan (USD116 million or equivalent UAH 3,225 million) maturing on 30 May. The company’s available immediate liquidity (as of 26 April 2021) is UAH 3,130 million,” according to Fitch.
which said that the company has performed unsatisfactorily, VSK head and MP Yulia Grishina announced on Facbeook. The body intends to appeal to the Cabinet of Ministers to dismiss the company’s acting head, as well as some members of the company’s board.
the state-owned bank said in a press release to investors. Sergei Naumov, the Chairman of the Board of Oschadbank, wrote “The reporting year 2020 was full of turbulent events that shocked the whole world. The global crisis associated with the pandemic caused unprecedented challenges in all areas of our life. I am pleased to state that despite all the difficulties Oschadbank coped with these challenges with dignity managed to ensure the stable operation of the financial institution, as well as to maintain the trust of more than 7 million customers.
“Having successfully implemented a local borrowing strategy in the first quarter, we returned to international capital markets after stabilization to cover some of our foreign exchange needs this year,” he said.
comprised the bulk of demand for the offering – 42%, 34% and 21%, respectively. Investors from Asia and MENA accounted for 3%.
. The investor base included asset management firms which accounted for 84% of the issue, followed by hedge funds at 9%, insurance and pension funds at 5% and banks at 2%.
, the Ministry of Finance announced on Friday. Joint Book runners included BNP Paribas, Deutsche Bank, Goldman Sachs International and JP Morgan. “The funds were transferred to the account of the State Treasury of Ukraine and will be used for general budgetary purposes,” said the Ministry.